in the next three to six months from opec s new secretary-general to the potential for more supply disruptions. we will look into the major market drivers for crude. in two hours.g stocks are down. reversing those gains we saw the last couple of days. my: right now, we are paring most losses that we saw out of the payroll jobs number that we saw earlier this morning. let s take a look at the snapshot of where we stand. the nasdaq is down the most, .7%. the dow, .3% there. the s&p intraday, we can see right out of the gate after the payrolls came out way worse than expected, we saw the big drop in big drops plunge and this plunge at 10:00. we are paring some of that and off the session lows, but still down about .4%. i want to show you what s been happening in terms of the sectors for the s&p in terms of volume. the falls we ve been seeing throughout the day have been coming mostly from this blue bar chart. this is the financial sector. 65% in terms of the volume against the
even the initial drop was not a huge one, not even 1%. all three major averages are down. the dow is down 30 points. at one point, it was down about 100 points. iscould be worse, i guess, the way to look at the averages. this is despite the job report coming in much weaker than estimated, and on top of that, we got a services report that was weaker than estimated, showing the slowest expansion last month going back to 2014. interesting phenomenon we are seeing. take a look at the groups on the move to see what is supporting the gains we are seeing. it looks like it has to do with the drop we are seeing in bond yields. utilities are up and telecom stocks are up, and those tend to be the groups that benefit when yields are lower. consumer staples also representing the defensive groups. financials are far and away the worst-performing group. look at what is happening with the banking stocks. a big drop here in companies like jpmorgan, wells fargo, bank of america, and citigroup.
portal is quote, one piece of a larger effort to restore trust and repair relationships. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. bloomberg west is next. emily: i m emily chang and this is bloomberg west. the former apple exec you invented the smart thermostat is stepping down two years after our event bought it than $3 billion. bad jobs report. employers pulled back to the lowest levels in six years and more workers go part-time or give up altogether. how hiring in the tech industry can change the numbers. a stagnating smartphone market we sit down with one of the rising stars, the micromax cofounder. first, to our lead. tony fidel is stepping down as the head of the company he founded and sold to google two years ago. in a short and unceremonious statement, fidel said he would leave the company immediately and be replaced by former executive at motor run a mobility, where he served as ceo of motorola
fifa says the payments appear to break swiss law and evidence will be given to american and swiss federal prosecutors are investigating corruption allegations. chicago has released hundreds of videos from dozens of open investigations into police shootings. the city is launching an online portal where the video and other evidence is available to the public. mayor rahm emanuel says the portal is quote, one piece of a larger effort to restore trust and repair relationships. global news 24 hours a day, powered by our 2400 journalists in more than 150 news bureaus around the world. bloomberg west is next. emily: i m emily chang and this is bloomberg west. the former apple exec you invented the smart thermostat is stepping down two years after our event bought it than $3 billion. a shockingly bad jobs report. employers pulled back to the lowest levels in six years and more workers go part-time or give up altogether. how hiring in the tech industry can change the numbers. a s
i still think we ll see the break in the cloud cover for the sunrise this morning no. though as clear as past few mornings. let s get to the temperatures if you re just rolling out of bed. it s 77 here in wake county. 74 in durham, 72 in roxboro. 71 in henderson. southward temperatures dropping a degree or so. now, at 77 in fayetteville. 76 in raeford, lillington and clinton. a quick look at your forecast for the day ahead. we ll be right around 8:00 a.m. 87 by noon today. mix of sun and clouds. not nearly as hot. yesterday we hit 97. today i think right around 91 with a chance for showers and storms developing later this afternoon i. will let you know what day we ll have the best chance for rain coming up. right now, let s check in with ali. any early morning accidents yet? we continue have any crashes out there. we do have a disabled car right by lake wheeler road. not seeing it cause any delays if you re out there on i-40 you head out the door. if you re traveling throug